News: Front Section

Daniels, Carroll and Whipple of Colliers International arrange two leases totaling 58,482 s/f

Colliers International recently completed two leases totaling 58,482 s/f of office space at New England Executive Park on behalf of landlord Equity Office. Black Duck Software signed a new lease for 29,323 s/f at 8 New England Executive Park. COMSOL, Inc. renewed and expanded its lease to 27,159 s/f at One New England Executive Park. New England Executive Park is now 90% leased. Colliers' team of Matthew Daniels, John Carroll and Andrew Whipple represented Equity Office. T3 Advisors represented Black Duck. COMSOL was represented by Colliers. Black Duck will relocate its headquarters from Waltham in December. The new lease represents a 12,936 s/f expansion for the firm. COMSOL's lease renewal represents a 6,698 s/f expansion. According to Daniels, "Equity Office offered excellent solutions for continued growth to both of these tenants. Black Duck was able to satisfy its need for immediate expansion space while securing the option for future expansion. Similarly, Equity Office provided contiguous suites to accommodate the growing COMSOL, ultimately solidifying the firm's long-term presence in Burlington and New England Executive Park." The three-story, 79,942 s/f One New England Executive Park and the six-story, 218,512 s/f 8 New England Executive Park are class A office buildings located within New England Executive Park. The 13-building, 1.25 million s/f park features amenities including a conference center, full-service cafeteria, health club, day care facility, dry cleaner, on-site ATMs, high-speed telecom, and overnight courier pickup. It is located 15 miles from Boston and minutes from Rte. 128, Rte. 3 and I-93.
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Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
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